Let’s check out the companies that are becoming a hot topic for after-hours trading. HP Inc. — Shares of this computer and printer maker fell more than 5% after it released disappointing guidance and said it would cut 10% of its workforce. Although the company reported higher sales and bottom line results in the fourth quarter, it warned that it would need to cut 6,000 jobs as it ramps up its use of artificial intelligence. CEO Enrique Lores said the initiative will ultimately result in $1 billion in annual gross occupancy savings over the next three years. Urban Outfitters — Retail shares rose about 17% in after-hours trading on the back of strong third-quarter results. Urban Outfitters earned $1.28 per share, beating LSEG’s estimate of $1.20 per share. Urban’s revenue for the period was $1.53 billion, beating analysts’ expectations of $1.47 billion. Dell Technologies — Shares rose nearly 3% despite lower-than-expected third-quarter earnings. However, Dell predicted a stronger-than-expected fourth quarter due to increased AI sales. PagerDuty — The software company’s stock fell 6% after reporting mixed third-quarter results. The company earned 33 cents per share on revenue of $124.5 million. Sales rose nearly 5%, but fell slightly short of expectations of $125.4 million. The company also lowered its outlook. The company now expects fiscal year revenue to be between $490 million and $492 million, up from a range of $493 million to $497 million. However, the company’s non-GAAP earnings forecast is $1.11 to $1.12 per share for fiscal 2026, up from the previous estimate of $1.00 to $1.04 per share. Workday — The AI-powered human resources management company saw its stock fall 5% in after-hours trading despite strong third-quarter revenue and bottom-line gains. Workday had adjusted earnings of $2.32 per share on revenue of $2.43 billion. Analysts had expected the company to report revenue of $2.42 billion and earnings per share of $2.18. NetApp — Shares of the data infrastructure company rose 5% after NetApp’s second-quarter results and third-quarter outlook beat Wall Street expectations. NetApp’s earnings per share (excluding items) was $2.05, compared with last-quarter estimates of $1.89 from analysts compiled by LSEG. NetApp’s revenue also came in at $1.71 billion, beating expectations of $1.69 billion. Zscaler — The cloud security company’s stock price fell more than 7%. Zscaler beat first-quarter profit and revenue expectations and gave a strong outlook for the full year, but the company’s operating loss weighed on its stock price. Ambarella — Shares fell more than 5% even though third-quarter profits beat expectations. The company had revenue of $109 million and earned 27 cents per share excluding items, compared with estimates of 21 cents per share and $104 million, respectively. Ambarella expected fourth-quarter sales to be between $97 million and $103 million, also above expectations of $94 million. Separately, Leslie Cohn, the company’s chief technology officer, is stepping down from her role and will also step down from the company’s board of directors. Mr. Cohn will remain a part-time advisor. —CNBC’s Christina Cheddar Berk contributed reporting.
